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Weak mining stocks drag the FTSE lower

It may have been the week in which the FTSE 100 attained a new all-time high but it is ending on a more downbeat note amid weakness in the mining sector. By the close the index was down 0.12% at 7,778.79.

AstraZeneca first-quarter profit falls 36% on lower revenue

Pharmaceuticals giant AstraZeneca booked a 36% declined in first-quarter profit, as falling sales of heart disease treatment Crestor weighed on revenue.

Petrofac awarded more than $1.7bn of new orders in year to date

Oil service group Petrofac said it had been awarded more than $1.7bn of new orders in the year to date, while confirming the arrival of its new chairman.

Lloyds agrees to sell Irish residential mortgage portfolio to Barclays for £4bn

Lloyds Banking Group said Friday it had agreed the sale of its Irish residential mortgage portfolio to Barclays Bank for around £4bn.

Carpetright launches £60m fundraising

Carpetright said Friday it would launch a £60m capital raise through a share issuance as part of a turnround plan approved by its creditors last month.